Inflation has reached unprecedented levels, leaving the entire country in a state of economic turmoil. The latest data released by the Pakistan Bureau of Statistics has revealed alarming increases in the prices of essential items, sending shockwaves throughout the nation. The annual inflation rate has soared to a staggering 39.26%, while the weekly rate crawled up by 0.21%, intensifying the financial burden on ordinary citizens. Even with the government’s promise of relief for the poor and taxation of the wealthy, the prices of 21 essential items witnessed a substantial increase this week, plunging the country further into economic distress. From the hardworking individuals earning a modest income of Rs17,733 to Rs22,888 per month, the inflation rate stands at a whopping 41.06%.

Source: The Nation June 10, 2023 20:46 UTC